technology growth in birmingham

MK435MK435

Technology Growthin Birmingham

Your Lifestyle, Your Mind, Your Future

Tanveer Patel, CircleSource

• President and Founder

• Relocated her company

from Chicago

• Local PM + Outsourced

Software Development

• CircleSource is located at

the Entrepreneurial Center

#3 Hot City for Entrepreneurs

Our Startup Ecosystem

• Business Incubation / Startup Assistance

• Economic Development

• Technology User Groups

• Technology Centers / Research Institutions

• Venture Capital Funding Sources

• Workforce Development and Tech Education

Downtown Innovation Center

• Combining the Entrepreneurial Center

and UAB’s OADI @ old Sears Building

• $12M+ Project

• <12 blocks vs. ~9 miles from UAB

Your Lifestyle, Your Mind, Your Future

Jesse Hipps, Heritage Center

• President and CEO

• Retired chemist from

Dupont & Monsanto

• Workforce Development

Not-for-profit serving

young people in downtown Bessemer

• Job Shadowing guru and curriculum author

Computer Learning Centers

• Center for Urban

Missions

• Empowerment, Inc.

• Partners in Neighborhood Growth

• The Heritage Center

• Jefferson County Library Cooperative

Community Engagement

Your Lifestyle, Your Mind, Your Future

Milton Silva-Craig, Emageon

• President and COO

since 2004

• Prior to joining the

company in 2001, was

VP/GM of GE’s ASP

Services & eCommerce

business

• Top 40 Under 40 in 2005

Emageon ~ February IPO

• $70M / Net $60.5M

• Underwritersexercised $9M more

• $4M CAPCO returned

• VC Exits– Southeastern Technology Fund - 15.6% ownership

– Redmont Venture Partners - 3% ownership

– Harbinger/Aurora Ventures - 3.8% ownership

– Jemison Investment Co.

– Delta Capital Management (Memphis, Tenn.)

$13 Opening Price

Lockup Expired

Biocryst ~ Hot Public Biotech

• $78.9M new

capital in 2005

• Kleiner Perkins

Caufield & Byers– Since 1972 KPCB has

backed entrepreneurs

in 450 ventures, including AOL, Amazon.com, Citrix,

Compaq, Electronic Arts, Genentech, Genomic Health,

Google, Intuit, Juniper Networks, Netscape, Lotus, Sun

Microsystems, Symantec, and Verisign

CNBC Exposure

$30M Raise

5yr $500+M Deal w/ Roche

$23.9M Raised

Your Lifestyle, Your Mind, Your Future

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“Large” Tech Companies ~ >100 emp.

10

100

1000

2006

2002

8060

40

20

200

400

600800

Command Alkon not shown

“Large” Tech Companies ~ >50 emp.

10

100

2006

2002

80

60

40

20

Command Alkon not shown

Where are the Companies?

Where are the Companies?

Where are the Companies?N

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A Sampling of Tech Companies